OPAL Fuels Inc. (NASDAQ:OPAL) Shares Sold by Yarra Square Partners LP

Yarra Square Partners LP lessened its holdings in OPAL Fuels Inc. (NASDAQ:OPAL) by 44.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,095 shares of the company’s stock after selling 138,805 shares during the period. OPAL Fuels makes up approximately 0.8% of Yarra Square Partners LP’s portfolio, making the stock its 20th largest position. Yarra Square Partners LP owned 0.10% of OPAL Fuels worth $879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grizzlyrock Capital LLC acquired a new stake in OPAL Fuels during the 4th quarter worth approximately $4,611,000. HITE Hedge Asset Management LLC grew its holdings in shares of OPAL Fuels by 81.8% in the 4th quarter. HITE Hedge Asset Management LLC now owns 383,118 shares of the company’s stock worth $2,115,000 after acquiring an additional 172,360 shares during the period. DAVENPORT & Co LLC purchased a new position in shares of OPAL Fuels in the fourth quarter valued at $61,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of OPAL Fuels by 27.3% in the third quarter. Advisors Asset Management Inc. now owns 43,005 shares of the company’s stock valued at $353,000 after purchasing an additional 9,223 shares in the last quarter. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Anthony Falbo sold 9,621 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total value of $47,046.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other OPAL Fuels news, Director Scott V. Dols purchased 11,192 shares of the business’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $5.06 per share, with a total value of $56,631.52. Following the acquisition, the director now directly owns 34,823 shares of the company’s stock, valued at approximately $176,204.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Anthony Falbo sold 9,621 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $4.89, for a total value of $47,046.69. The disclosure for this sale can be found here. Insiders own 84.43% of the company’s stock.

OPAL Fuels Stock Up 7.5 %

OPAL stock traded up $0.30 during midday trading on Friday, hitting $4.32. 108,902 shares of the company traded hands, compared to its average volume of 73,762. The stock has a market capitalization of $745.12 million, a price-to-earnings ratio of 5.76 and a beta of 0.50. OPAL Fuels Inc. has a twelve month low of $3.93 and a twelve month high of $8.46. The business has a 50 day simple moving average of $4.53 and a 200-day simple moving average of $4.77.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). OPAL Fuels had a net margin of 9.23% and a negative return on equity of 1.06%. The firm had revenue of $64.95 million during the quarter, compared to analyst estimates of $85.18 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Equities research analysts forecast that OPAL Fuels Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

OPAL has been the topic of several recent analyst reports. Scotiabank reduced their price objective on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. The Goldman Sachs Group decreased their price objective on shares of OPAL Fuels from $5.80 to $5.00 and set a “sell” rating for the company in a report on Friday, March 15th. UBS Group decreased their target price on OPAL Fuels from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. B. Riley reissued a “buy” rating and issued a $10.00 target price on shares of OPAL Fuels in a report on Friday, June 7th. Finally, Piper Sandler reduced their target price on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, OPAL Fuels presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.67.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.